Knight Frank - Tasmania
5 Victoria StreetHOBART, TAS 7000
AP Eagers Limited, 270 Main Road
Glenorchy, TAS 7010
Map of AP Eagers Limited, 270 Main Road
Landmark Investment - Long Lease to ASX-Listed Tenant
- Strategic 3,996sqm site, wide frontage
- Highly prominent position, 7km Hobart
- Affordable price point
Auction Wednesday 3 April 2019 @ 11am
River Room, Crown Casino, Melbourne
Tenant: Motors Tas Pty Ltd, wholly owned subsidiary of A.P. Eagers Limited
ASX-listed tenant with over 145 dealerships and 2018 sales of $4.1 billion
Lease Term: Ten (10) years
Lease Expiry: 31 March 2026
Options: 3 x Five (5) year terms extending to 31 March 2041
Outgoings: Payable by tenant as per the lease
Net Rents: All estimated as at 1 April 2019 based on latest available Hobart CPI figures
Prime main road position only 7kms from Hobart CBD
Wide 67 metre frontage including high exposure to major, traffic light-controlled intersection
Longstanding, successful car dealership, recently rebranded to Zooper (a thriving A.P. Eagers chain of 70 used car dealerships nationally)
Modern showroom, offices and workshop with capacity for 130 motor vehicles
Strategic inner Hobart catchment, with a residential population exceeding 46,000 within the City of Glenorchy
Affordable investment opportunity offering excellent future growth and possible long term development prospects
Net income $186,151pa + GST
River Room, Crown Casino, Melbourne
Tenant: Motors Tas Pty Ltd, wholly owned subsidiary of A.P. Eagers Limited
ASX-listed tenant with over 145 dealerships and 2018 sales of $4.1 billion
Lease Term: Ten (10) years
Lease Expiry: 31 March 2026
Options: 3 x Five (5) year terms extending to 31 March 2041
Outgoings: Payable by tenant as per the lease
Net Rents: All estimated as at 1 April 2019 based on latest available Hobart CPI figures
Prime main road position only 7kms from Hobart CBD
Wide 67 metre frontage including high exposure to major, traffic light-controlled intersection
Longstanding, successful car dealership, recently rebranded to Zooper (a thriving A.P. Eagers chain of 70 used car dealerships nationally)
Modern showroom, offices and workshop with capacity for 130 motor vehicles
Strategic inner Hobart catchment, with a residential population exceeding 46,000 within the City of Glenorchy
Affordable investment opportunity offering excellent future growth and possible long term development prospects
Net income $186,151pa + GST
Property ID: 503125850Last Updated: 12 Aug 2019
Knight Frank - Tasmania5 Victoria Street
HOBART, TAS 7000
HOBART, TAS 7000
Contact Agency
Burgess Rawson - SydneyLevel 11.02, 9 Castlereagh Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
Darren Beehag
Burgess Rawson - MelbourneLevel 7, 140 Bourke Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Billy Holderhead
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